The University of Illinois Foundation UK Limited (UIUK Foundation) was established by the University of Illinois Foundation in 2016. The aim of the UIUK Foundation is to allow University of Illinois alumni and friends living in the UK and Europe to support education efficiently and to maximize the value of their charitable support through UK tax incentives.
The University of Illinois Foundation UK Limited is set up as an English charity operating to advance learning and education at the University of Illinois. It is recognized by the Charity Commission for England and Wales as a registered charity, and forms part of a dual-qualified charitable structure which is recognized by the United States Internal Revenue Service as a tax-exempt organization.
Gifts of cash and eligible securities made to the UIUK Foundation are tax-deductible for US taxpayers to the full extent of the US tax code and also provide tax benefits to UK taxpayers, including participation in the UK Gift Aid Scheme for gifts of cash, and income tax and capital gains tax reliefs for gifts of qualifying securities. The University of Illinois Foundation UK Limited has also applied to become a participant in Transnational Giving Europe (TGE), a network of philanthropic institutions.